Alibaba Group announced today that it has agreed to sell its entire stake in Intime Retail to a buyer consortium led by Youngor Group and 大館 ポルノ映画Intime’s management team. According to publicly available information, the Chinese tech giant holds around 99% of Intime’s stock. The sale is valued at around RMB 7.4 billion ($1 billion). Alibaba expects to incur a loss of about RMB 9.3 billion ($1.3 billion) as a result of the sale of Intime.
Intime, a major offline retail chain, became an integral part of Alibaba’s strategy for integrating online and offline commerce following a strategic partnership announcement in June 2015. The company later accepted Alibaba’s share swap offer, which increased the Taobao owner’s stake to 27.9%, making it the largest shareholder in Intime by June 2016.
Alibaba’s Chairman, Joe Tsai, had previously stated that the company has completed $1.7 billion in non-core asset sales in the first nine months of its 2024 fiscal year (April 1 to December 31, 2023).Earlierreports had suggested that Alibaba was also selling its stakes in physical retail operations, including RT-Mart and Freshippo. [Alibaba Group]
HEROIC map win overturned at EPL after player uses Snap Tap
Best Ninja deals
The best camping deals at Amazon this week include coolers, tents, and more
$800 off an LG TV at Best Buy
Sand, Paper and Song
Australian Olympic breakdancer Raygun calls viral response 'pretty devastating'
TikTok group chats are finally here
NYT Connections hints and answers for December 22: Tips to solve 'Connections' #560.
Discussion of Hirabayashi Book at JANM
Wordle today: The answer and hints for December 22
Author of 'The House on Lemon Street' at JANM
TikTok group chats are finally here
Best Shark deals this week: Save up to $100 on a robot vacuum, air purifier, and more
Best skincare deals: Save on beauty products from moisturizer to cleanser
npl leads the way as NAVI qualify for Paris Major
TikTok's new cucumber recipe obsession is actually an elite summer side dish
Internet patriotism soars as USA basketball wins gold at Paris Olympics
Tesla recalls nearly 700,000 vehicles for a warning light issue
k0nfig: "I really wanted to beat Astralis, I wanted to show them what they're missing"
Pixel Watch 3 announced at Made by Google event: It can detect a loss of pulse
Next on ‘Asian Pacific America’: Kelly Yang, Vanessa HuaScientists Declare 2 Hawaii Volcanoes Have Stopped EruptingJapan National Team Loses Again in Round of 16 at World CupResults for AAPI Candidates in OC Municipal RacesCall of Duty fan runs into TSA by trying to take Monkey Bomb on planeJapan National Team Loses Again in Round of 16 at World Cup2nd Annual Arnold Maeda Manzanar Pilgrimage Grant Recipients AnnouncedCAPAC Statements on Shooting at Club Q in Colorado SpringsJapan’s 2 Late Goals Stun Germany at World CupBiden’s AANHPI Advisory Commission Seeks Written Comments Ahead of Public Meeting Garmin's Fenix 6 sports watches come with a scary array of features YouTube's $170 million fine isn't enough—and part of the FTC knows it Why Hurricane Dorian slowed down to 1 mph This fire department has a blunt message for people filming at emergencies Lizzo's 'Truth Hurts' inspires a bunch of DNA test memes Presenting the ultimate late '90s R&B songs about cheating 'Tis the season for the delightfully interactive fall foliage map China's Uber to launch fleet of self Renée Zellweger covers Judy Garland's 'Over the Rainbow': Listen YouTube Kids is branching off with a separate website
0.1637s , 9937.3203125 kb
Copyright © 2025 Powered by 【大館 ポルノ映画】Alibaba to sell full stake in offline shopping chain Intime Retail for $1 billion · TechNode,Feature Flash
